<p><strong>英伟达</strong>(NVDA -2.25%) 在过去几年中表现出色，成为全球最有价值的公司。但在过去一两个月，它滑落到第二位，然后——短暂地——跌至第三位，落后于另外两家大型科技公司，<strong>苹果</strong> 和 <strong>微软</strong>。</p>
<p>但不要急于放弃英伟达，它已经反弹回到第二的位置，市值达到 3.41 万亿美元。许多华尔街分析师认为，这家为人工智能（AI）提供关键芯片的供应商的最佳时刻尚未到来。以下是他们对公司最近季度业绩的看法。</p>
<h2>为什么分析师喜欢英伟达的业绩</h2>
<p>该股在最近几周有所回调，但聪明的投资者应该将其视为噪音。回顾公司最近公布的季度业绩（于 12 月 6 日发布），几乎所有事情对英伟达来说都在向好发展。</p>
<p>Wedbush 的分析师 Dan Ives 称这份财报 “完美无瑕”，并补充说它 “应该被框起来挂在卢浮宫”。他接着称首席执行官黄仁勋为 “人工智能教父”，并称公司的最新 Blackwell AI 芯片为半导体界的勒布朗·詹姆斯。</p>
<p>Ives 补充道：“我们相信，英伟达现在已经铺就了通往 4 万亿美元市值及更高的道路，这对更广泛的科技反弹在年末和 2025 年是利好消息。”</p>
<p>在财报发布后，来自三家其他公司的分析师——<strong>摩根大通</strong>、D.A. Davidson 和 Bernstein——上调了对该股的目标价。</p>
<p>Davidson 的 Gil Luria 表示：“考虑到超大规模公司的评论以及英伟达在生产受阻情况下的交付能力，英伟达完全有能力在明年继续增长。”</p>
<p>而 <strong>Truist</strong> 的 William Stein 表示，英伟达 “仍然是_人工智能_公司，得益于其创新文化、现有生态系统以及在软件、预训练模型和服务上的巨大投资。”</p>
<p>尽管这家芯片制造商的股票最近有所回调，但华尔街分析师对其长期前景依然非常乐观。你应该在回调时买入吗？我们接下来将讨论这个问题。</p>
<h2>如何在现在战略性地投资英伟达</h2>
<p>企业表现良好与股价表现良好之间存在很大差异。英伟达在未来几年和几十年中将实现飞跃式增长。</p>
<p>但股价已经反映了大部分潜力。即使公司总估值超过 3 万亿美元，股票的价格也高达销售额的 30 倍。相比之下，微软的交易价格仅为销售额的 13 倍，而苹果的交易价格相对较低，仅为销售额的 10 倍。</p>
<p>当然，英伟达的增长率——无论是当前的还是预测的——都远远领先于这两家公司。尽管对人工智能基础设施的需求正在快速增长，但可能仍处于初期阶段。然而，该股的倍数较高，通常伴随着大量波动。行业或公司增长前景的小幅变化可能会严重影响估值倍数，从而影响股价。</p>
<p>如果你相信人工智能的长期前景，这可能是你开始建立英伟达头寸的机会。只要不要对短期内有机会以较低股价增加投资感到惊讶。</p>
<p>并考虑增加其他芯片制造商以分散你的投资。英伟达目前在人工智能半导体领域占据主导地位，但正如以往的芯片战争所证明的，顶尖公司并不总是能永远保持领先。</p>
<p>英伟达的股票今天比几周前更具吸引力，但请确保相应地分散你的投资头寸，并准备好新资金以便在短期波动再次出现时购买更多。</p>

英伟达

<p>尽管近期波动，分析师们对英伟达（NVIDIA，NVDA）这家领先的人工智能芯片供应商仍持乐观态度。在强劲的季度财报发布后，包括 Wedbush 和摩根大通在内的多家机构上调了其目标股价，强调了英伟达在人工智能领域的增长潜力和创新能力。尽管该股票与微软和苹果等竞争对手相比交易倍数较高，分析师建议长期投资者在价格回调时考虑买入，并强调了在半导体行业进行多元化投资的重要性</p>

<p><strong>Nvidia</strong>(NVDA -2.25%) has been one of the best performing stocks over the past few years, a run that catapulted it into the world's most valuable company. But over the last month or two, it slipped to second place and then -- briefly -- to third, behind two other big tech companies, <strong>Apple</strong> and <strong>Microsoft</strong>.</p>
<div class="lb-trans"><p><strong>英伟达</strong>(NVDA -2.25%) 在过去几年中表现出色，成为全球最有价值的公司。但在过去一两个月，它滑落到第二位，然后——短暂地——跌至第三位，落后于另外两家大型科技公司，<strong>苹果</strong> 和 <strong>微软</strong>。</p>
</div><p>But don't give up on Nvidia just yet, which rebounded to the No. 2 spot with a market cap of $3.41 trillion. Many Wall Street analysts think the best is yet to come for this crucial supplier of chips to power artificial intelligence (AI). Here's what they think about the company's most recent quarterly results.</p>
<div class="lb-trans"><p>但不要急于放弃英伟达，它已经反弹回到第二的位置，市值达到 3.41 万亿美元。许多华尔街分析师认为，这家为人工智能（AI）提供关键芯片的供应商的最佳时刻尚未到来。以下是他们对公司最近季度业绩的看法。</p>
</div><h2>Why analysts loved Nvidia's results</h2>
<div class="lb-trans"><h2>为什么分析师喜欢英伟达的业绩</h2>
</div><p>The stock has pulled back in recent weeks, but smart investors should recognize this as just noise. Looking back at the company's most recent quarterly results, announced on Dec. 6, pretty much everything is going right for Nvidia now.</p>
<div class="lb-trans"><p>该股在最近几周有所回调，但聪明的投资者应该将其视为噪音。回顾公司最近公布的季度业绩（于 12 月 6 日发布），几乎所有事情对英伟达来说都在向好发展。</p>
</div><p>An analyst from Wedbush, Dan Ives, called the earnings report &#34;flawless,&#34; adding that it &#34;should be framed and hung in the Louvre.&#34; He then went on to call CEO Jensen Huang the &#34;Godfather of AI&#34; and called the company's latest Blackwell AI chip the LeBron James of semiconductors.</p>
<div class="lb-trans"><p>Wedbush 的分析师 Dan Ives 称这份财报 “完美无瑕”，并补充说它 “应该被框起来挂在卢浮宫”。他接着称首席执行官黄仁勋为 “人工智能教父”，并称公司的最新 Blackwell AI 芯片为半导体界的勒布朗·詹姆斯。</p>
</div><p>Ives added, &#34;We believe the path to $4 trillion market cap and beyond is now laid out by Nvidia, and this is bullish for the broader tech rally into year-end and 2025.&#34;</p>
<div class="lb-trans"><p>Ives 补充道：“我们相信，英伟达现在已经铺就了通往 4 万亿美元市值及更高的道路，这对更广泛的科技反弹在年末和 2025 年是利好消息。”</p>
</div><p>After the earnings report, analysts from three other firms -- <strong>J.P. Morgan</strong>, D.A. Davidson, and Bernstein -- raised their price targets on the stock.</p>
<div class="lb-trans"><p>在财报发布后，来自三家其他公司的分析师——<strong>摩根大通</strong>、D.A. Davidson 和 Bernstein——上调了对该股的目标价。</p>
</div><p>Davidson's Gil Luria said, &#34;Nvidia is well within its means to extend growth into next year given hyperscaler commentary around additional investments in AI compute and the company's ability to deliver even with production setbacks.&#34;</p>
<div class="lb-trans"><p>Davidson 的 Gil Luria 表示：“考虑到超大规模公司的评论以及英伟达在生产受阻情况下的交付能力，英伟达完全有能力在明年继续增长。”</p>
</div><p>And William Stein of <strong>Truist</strong> said that Nvidia &#34;remains <em>the</em> AI company owing to its culture of innovation, ecosystem of incumbency, and massive investment in software, pre-trained models, and services.”</p>
<div class="lb-trans"><p>而 <strong>Truist</strong> 的 William Stein 表示，英伟达 “仍然是_人工智能_公司，得益于其创新文化、现有生态系统以及在软件、预训练模型和服务上的巨大投资。”</p>
</div><p>Although the chipmaker's stock has pulled back recently, Wall Street analysts remain very upbeat about its long-term prospects. Should you be buying the pullback? We'll discuss that next.</p>
<div class="lb-trans"><p>尽管这家芯片制造商的股票最近有所回调，但华尔街分析师对其长期前景依然非常乐观。你应该在回调时买入吗？我们接下来将讨论这个问题。</p>
</div><h2>How to strategically invest in Nvidia right now</h2>
<div class="lb-trans"><h2>如何在现在战略性地投资英伟达</h2>
</div><p>There's a big difference between a business doing well and the stock price doing well. Nvidia is set to grow by leaps and bounds in the years and decades to come.</p>
<div class="lb-trans"><p>企业表现良好与股价表现良好之间存在很大差异。英伟达在未来几年和几十年中将实现飞跃式增长。</p>
</div><p>But the stock price already reflects much of this potential. Even with the total company valued at more than $3 trillion, shares are priced at an astounding 30 times sales. Microsoft, for comparison, trades at just 13 times sales, while Apple trades at a relatively paltry 10 times sales.</p>
<div class="lb-trans"><p>但股价已经反映了大部分潜力。即使公司总估值超过 3 万亿美元，股票的价格也高达销售额的 30 倍。相比之下，微软的交易价格仅为销售额的 13 倍，而苹果的交易价格相对较低，仅为销售额的 10 倍。</p>
</div><p>Of course, Nvidia's growth rates -- both current and projected -- are far ahead of either of these companies. And demand for AI infrastructure, while growing quickly, is likely still in its infancy. The stock has a high multiple, however, and with that reality typically comes plenty of volatility. Small shifts in industry or company growth prospects can heavily affect the valuation multiple, and thus the stock price.</p>
<div class="lb-trans"><p>当然，英伟达的增长率——无论是当前的还是预测的——都远远领先于这两家公司。尽管对人工智能基础设施的需求正在快速增长，但可能仍处于初期阶段。然而，该股的倍数较高，通常伴随着大量波动。行业或公司增长前景的小幅变化可能会严重影响估值倍数，从而影响股价。</p>
</div><p>If you're a believer in AI over the long term, this could be your chance to start building a position in Nvidia. Just don't be shocked if you have some short-term opportunities to add to your investment at a lower stock price.</p>
<div class="lb-trans"><p>如果你相信人工智能的长期前景，这可能是你开始建立英伟达头寸的机会。只要不要对短期内有机会以较低股价增加投资感到惊讶。</p>
</div><p>And consider adding other chipmakers to diversify your position. Nvidia currently has a dominant lead in AI semiconductors, but as previous chip wars have proved, the top dog doesn't always stay there forever.</p>
<div class="lb-trans"><p>并考虑增加其他芯片制造商以分散你的投资。英伟达目前在人工智能半导体领域占据主导地位，但正如以往的芯片战争所证明的，顶尖公司并不总是能永远保持领先。</p>
</div><p>Nvidia shares are a better deal today than a few weeks ago, but be sure to diversify your position accordingly, with fresh cash available to buy more if short-term volatility arrives again.</p>
<div class="lb-trans"><p>英伟达的股票今天比几周前更具吸引力，但请确保相应地分散你的投资头寸，并准备好新资金以便在短期波动再次出现时购买更多。</p>
</div>

Despite Recent News, Analysts Still Say Artificial Intelligence Stock Nvidia Is a Buy. Here's Why.

- Nvidia 最近的季度业绩被分析师称为 “完美”，并提升了市场预期。  
- 尽管股价回调，分析师仍看好其长期增长潜力，认为 AI 需求仍在初期。  
- 投资者应考虑在短期波动中逐步建立 Nvidia 头寸，并分散投资于其他芯片制造商。

Motley Fool

尽管有最近的新闻，分析师们仍然认为人工智能股票英伟达值得买入。以下是原因